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Bahama Catering purchased a commercial dishwesher by paying cash of $4,200. The dishwasher's fair value on the date of the purchase was $4,590. The transportation costs, $330 installation fees, and paid a $120 fine for legal parking while the dishwasher was being delivered. For what amount will Bahama record the dishwasher? company incurred $490 in O$5,410 $5.020 $4,590 $5340 Kansas Enterprises purchased equipment for $73,500 on January 1, 2018. The equipment is expected to have a five-year fe, with a residual value of $6,750 at the end of five years Using the straight-line method, depreciation expense for 2018 would be: O $14.700 O $14700 O $29,400 O$13.350 $16,050 Which of the following is not a reason why a company might prefer to report a liability as long-term rather than current? O It may increase interest rates on borrowing O It may cause the firm to appear less risky to investors and creditors O It may cause the company to appear more stable commanding a higher stock price for new stock listings O It may reduce interest rates on borrowing Which of the following is true regarding FICA taxes? O FICA taxes are paid only by the employer. O FICA taxes are paid only by the employee. O FICA taxes are paid in different amounts by the employee and the employer O FICA taxes are paid in equal amounts by the employee and the employer

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